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HomeSEE Energy NewsHungary: Electricity prices...

Hungary: Electricity prices drop in September

In September 2024, the average price of electricity on the Hungarian energy exchange HUPX’s day-ahead market was 106.1 euros/MWh, reflecting a 12% decrease from August’s average baseload price of 120.81 euros/MWh. The peak price for HUPX DAM during the month was 109.12 euros/MWh, showing stability compared to August’s peak.

The total traded volume on the day-ahead market reached 2.61 million MWh, which is a 4% decline from August’s 2.73 million MWh, but represents a notable 34.5% increase from September 2023’s volume of 1.94 million MWh. This results in an average daily traded volume of 87,047 MWh.

On the intraday market, total trading volume for September was 691,178 MWh, down 3% from the previous month, with an average daily traded volume of 23,039 MWh. The average price for hourly products in September was 100.54 euros/MWh, an 18% decrease compared to August.

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